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have the specifics? >> look at what ronald reagan and tip o'neill did. the work together to fix the tax base. we are saying here is our framework. lower tax rates 20%. we raised $1.20 trillion. we forgo $1.10 trillion in loopholes and deductions. what we're saying is deny those loopholes and deductions to higher income taxpayer so more there -- more of their income is taxed. we can lower tax rates across the board. here is why i am saying this. >> i hope i get tim respond to this. >> you will get time. >> we want to work with congress to achieve this. what we're saying is lower tax rates 20%, start with the wealthy. >> you guarantee this? >> absolutely. six studies have guaranteed. >> let me have a chance to translate. i was there when ronald reagan -- to give specifics of what he was going to cut. in terms of -- he gave specifics in what he was going to cut. 90% of acan businesses make less than 2 luckett $50,000. that counts as businesses. governor romney 10 days ago was asked, you pay 40% on $20 million. some are making $50,000 and paid more than that. do you think that is fair and h
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